SLB — SLB N.V.
Energy · Oil & Gas Equipment & Services
About SLB N.V.
SLB N.V. engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products. It also offers subsurface geology and fluids evaluation information; stimulation services to restore or enhance well productivity through hydraulic fracturing, matrix stimulation, and water treatment; and intervention services to oil and gas operators. In addition, the company offers mud logging, directional drilling, measurement-while-drilling, and logging-while-drilling services, as well as engineering support services; supplies drilling fluid systems; designs, manufactures, and markets roller cone and fixed cutter drill bits; bottom-hole-assembly and borehole enlargement technologies; well planning, well drilling, engineering, supervision, logistics, procurement, and contracting of third parties, as well as drilling rig management solutions; and drilling equipment and services, as well as land drilling rigs and related services. Further, it provides artificial lift; supplies packers, safety valves, sand control technology, and various intelligent systems; midstream production systems; valves, chokes, actuators, and surface trees; and OneSubsea, an integrated solutions, products, systems, and services, including wellheads, subsea trees, manifolds and flowline connectors, control systems, connectors, and services. SLB N.V. was formerly known as Schlumberger Limited and change its name to SLB N.V. in October 2025. The company was founded in 1926 and is based in Houston, Texas.
The oilfield-services industry
Services companies sell the picks and shovels of the oil patch: drilling rigs, fracking fleets, downhole tools, subsea equipment and the engineering that goes with them. Their revenue follows what producers spend, not the oil price itself — and producer budgets react to prices with a lag, so services cycles arrive later and swing harder. The big three (SLB, Halliburton, Baker Hughes) split roughly along international versus North American exposure, and international and offshore work runs on longer contracts than the spot-driven US shale business. Read these as a bet on drilling activity: when producers open their wallets, services margins expand fast; when budgets get cut, there is nowhere to hide. SLB is the world's largest oilfield-services company, weighted to international and offshore work and layering digital on top.
Key data · delayed ~15 min, as of 1 August 2026
| Ticker | SLB |
| Company | SLB N.V. |
| Price | $49.59 |
| Market cap | $73.6B |
| Sector / industry | Energy / Oil & Gas Equipment & Services |
| Analyst mean target | $62 (29 analysts, buy) |
Valuation read
What the price implies: the market is pricing in roughly ~2%/yr earnings growth (modest), on a reverse-DCF of forward earnings ($3.27). Run your own assumptions in the fair-value calculator.
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